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updated: 3/15/2013 1:28 PM

Federal Signal back on track

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Associated Press

OAK BROOK -- Federal Signal Corp. posted net income of $4.8 million for the fourth quarter, a reversal from a loss a year ago that stemmed from hefty one-time charges.

The company, based in Oak Brook, makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers.

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For the quarter ended Dec. 31, Federal Signal's profit amounted to 8 cents per share. A year ago, it lost $15.2 million, or 25 cents per share, in the same quarter. The prior-year period included 36 cents per share in losses from discontinued operations.

Revenue rose 12 percent to $217.7 million from $195 million.

Sales of safety and security systems increased 11 percent to $67.1 million, boosted by higher industrial sales. Fire rescue sales increased 7 percent to $44.4 million on higher Asian and Australian demand, while environmental solutions revenue rose 14 percent to $106.2 million, helped by an increase in municipal sewer cleaner and street sweeper shipments.

For the full year 2012, the company posted a loss of $27.5 million, or 44 cents per share, compared with a loss of $14.2 million, or 23 cents per share, in 2011. Revenue increased to $803.2 million from $688.7 million.

Federal Signal shares fell 11 cents to $7.69 in afternoon trading Friday. They have traded in a 52-week range of $4,47 to $8.63.

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